FinanceCnEVPostabout 2 hours ago
JAC Shares Plunge After Huawei Car Brake Failure
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JAC shares fell by the daily limit on Thursday after Dongchedi tests revealed brake pedal bracket failures on all three Huawei-backed Maextro V800 vehicles. The luxury MPV launched on August 5 with prices ranging from 766,000 yuan to 1,016,000 yuan, but the safety issues caused a 10.01% drop in stock value, reversing prior gains.
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